Tradingview for Beginners - Best Trading Platform FULL COURSE

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Published on Sep 20, 2024 This response is partially generated with the help of AI. It may contain inaccuracies.

Table of Contents

Introduction

This tutorial is designed to guide beginners through the key features and functionalities of Tradingview, one of the most versatile trading platforms available. By following these steps, you'll learn how to set up your account, navigate charts, customize your workspace, and implement trading strategies effectively.

Step 1: Opening a Tradingview Account

  • Visit the Tradingview website.
  • Click on the "Sign Up" button to create a free trial account.
  • Fill out your information or sign in using a social media account for quicker access.
  • Confirm your email address to activate your account.

Step 2: Setting Up Your Profile

  • Navigate to the profile settings once logged in.
  • Fill in your personal information: name, location, and preferred language.
  • Upload a profile picture to personalize your account.

Step 3: Chart Navigation

  • Select the chart feature from the homepage.
  • Familiarize yourself with the layout, including price scales and timeframes.
  • Use the zoom in/out tools to adjust your view of the market data.

Step 4: Customizing Your Workspace

  • Click on the "Workspace" option in the menu.
  • Choose your layout preference (single chart, multi-chart).
  • Save your workspace layout for future sessions.

Step 5: Adding Instruments

  • Use the search bar to find stocks, forex, or cryptocurrencies.
  • Click on the instrument to add it to your watchlist or chart.

Step 6: Connecting a Broker Account

  • Go to the "Trading Panel" section.
  • Select your broker from the list; if not listed, you may need to check for compatibility.
  • Follow the prompts to connect your Tradingview account to your broker.

Step 7: Creating a Watchlist

  • Click on the "Watchlist" panel on the right side of your screen.
  • Use the "+" button to add instruments to your watchlist.
  • Organize your watchlist by categorizing instruments (e.g., by type or volatility).

Step 8: Utilizing Drawing Tools

  • Access the drawing tools pane from the left toolbar.
  • Select tools like trend lines, Fibonacci retracements, or shapes to annotate your charts.
  • Save your chart with drawings to refer to later.

Step 9: Adding Indicators

  • Click on the "Indicators" button at the top of the chart.
  • Search for and select indicators such as Moving Averages or RSI.
  • Adjust settings for each indicator to suit your trading strategy.

Step 10: Using Bar Replay Mode

  • Activate Bar Replay Mode to practice trading with historical data.
  • Select a date range and simulate market conditions to test strategies.

Step 11: Setting Up Split Screen Charts

  • Choose the "Split Screen" option to view multiple charts simultaneously.
  • Customize each chart with different instruments or timeframes.

Step 12: Quick Trading Buttons

  • Enable quick trading buttons for fast order execution.
  • Customize button settings to reflect your preferred order types (market, limit).

Step 13: Implementing Alert Lines

  • Right-click on the chart to set alert lines for price levels.
  • Choose conditions for alerts (e.g., price crossing a certain level).
  • Receive notifications via email or app.

Step 14: Placing Trades and Understanding Order Types

  • Familiarize yourself with different order types: market, limit, stop loss.
  • Place a trade by selecting the desired instrument and clicking "Buy" or "Sell."
  • Monitor open trades through the trading panel.

Step 15: Learning About Multiple Targets and Position Splits

  • Use the order management tools to set multiple targets for your trades.
  • Split positions to manage risk more effectively.

Step 16: Exploring the Depth of Market Panel

  • Access the Depth of Market (DOM) panel for real-time market data.
  • Analyze bid/ask prices and volume to make informed trading decisions.

Step 17: Backtesting and Journaling

  • Use Tradingview's backtesting features to evaluate your strategies.
  • Maintain a trading journal by documenting trades and outcomes.

Step 18: Publishing Ideas and Engaging with the Community

  • Share your trading ideas by publishing them on Tradingview.
  • Engage with other traders through comments and feedback.

Step 19: Utilizing Stock Screeners

  • Use the stock screener feature to filter stocks based on criteria such as price or volume.
  • Save your screening criteria for ongoing analysis.

Step 20: Exploring Mobile and Desktop App Versions

  • Download the Tradingview app on your mobile device for trading on the go.
  • Ensure you sync your settings and watchlists across devices.

Conclusion

By following these steps, you will have a solid foundation in using Tradingview for your trading and investing activities. Ensure you explore each feature thoroughly and practice regularly to become proficient. For further learning, consider joining Jason Graystone's 30-Day Trader Program or accessing additional resources linked in the video description. Happy trading!